Imports of goods, services and primary income in Iceland
Iceland: Imports of goods, services and primary income was 17.44 billion BoP, current US$ in 2025. ◆ Volatile
Imports of goods, services and primary income in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded 17.44 billion BoP, current US$ for imports of goods, services and primary income in 2025. That is the highest value across all 50 years on record.
That represents a change of up 9.5% on the previous year and up 100.1% over ten years.
Over the whole period, imports of goods, services and primary income in Iceland peaked at 17.44 billion BoP, current US$ in 2025 and was at its lowest, 600.80 million BoP, current US$, in 1976.
Iceland ranks 107th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods, services and primary income in Iceland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 600.80 million BoP, current US$ | — |
| 1977 | 777.80 million BoP, current US$ | +29.5% |
| 1978 | 888.20 million BoP, current US$ | +14.2% |
| 1979 | 1.10 billion BoP, current US$ | +24.1% |
| 1980 | 1.29 billion BoP, current US$ | +16.9% |
| 1981 | 1.37 billion BoP, current US$ | +6.0% |
| 1982 | 1.31 billion BoP, current US$ | -3.9% |
| 1983 | 1.15 billion BoP, current US$ | -12.0% |
| 1984 | 1.24 billion BoP, current US$ | +7.2% |
| 1985 | 1.34 billion BoP, current US$ | +8.2% |
| 1986 | 1.56 billion BoP, current US$ | +16.2% |
| 1987 | 2.14 billion BoP, current US$ | +37.2% |
| 1988 | 2.20 billion BoP, current US$ | +3.2% |
| 1989 | 2.03 billion BoP, current US$ | -7.8% |
| 1990 | 2.36 billion BoP, current US$ | +16.2% |
| 1991 | 2.47 billion BoP, current US$ | +4.6% |
| 1992 | 2.37 billion BoP, current US$ | -3.9% |
| 1993 | 2.04 billion BoP, current US$ | -13.8% |
| 1994 | 2.13 billion BoP, current US$ | +4.0% |
| 1995 | 2.53 billion BoP, current US$ | +19.1% |
| 1996 | 2.90 billion BoP, current US$ | +14.4% |
| 1997 | 2.93 billion BoP, current US$ | +1.1% |
| 1998 | 3.55 billion BoP, current US$ | +21.1% |
| 1999 | 3.62 billion BoP, current US$ | +2.2% |
| 2000 | 3.91 billion BoP, current US$ | +7.8% |
| 2001 | 3.56 billion BoP, current US$ | -8.9% |
| 2002 | 3.50 billion BoP, current US$ | -1.7% |
| 2003 | 4.63 billion BoP, current US$ | +32.4% |
| 2004 | 6.32 billion BoP, current US$ | +36.5% |
| 2005 | 9.28 billion BoP, current US$ | +46.8% |
| 2006 | 12.00 billion BoP, current US$ | +29.3% |
| 2007 | 14.88 billion BoP, current US$ | +24.0% |
| 2008 | 13.45 billion BoP, current US$ | -9.6% |
| 2009 | 8.37 billion BoP, current US$ | -37.7% |
| 2010 | 8.48 billion BoP, current US$ | +1.3% |
| 2011 | 10.28 billion BoP, current US$ | +21.2% |
| 2012 | 9.41 billion BoP, current US$ | -8.5% |
| 2013 | 8.55 billion BoP, current US$ | -9.2% |
| 2014 | 9.21 billion BoP, current US$ | +7.8% |
| 2015 | 8.71 billion BoP, current US$ | -5.4% |
| 2016 | 9.30 billion BoP, current US$ | +6.7% |
| 2017 | 11.08 billion BoP, current US$ | +19.2% |
| 2018 | 11.98 billion BoP, current US$ | +8.1% |
| 2019 | 10.01 billion BoP, current US$ | -16.5% |
| 2020 | 7.68 billion BoP, current US$ | -23.2% |
| 2021 | 10.98 billion BoP, current US$ | +42.9% |
| 2022 | 14.57 billion BoP, current US$ | +32.7% |
| 2023 | 15.23 billion BoP, current US$ | +4.5% |
| 2024 | 15.92 billion BoP, current US$ | +4.5% |
| 2025 | 17.44 billion BoP, current US$ | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 842.35 million BoP, current US$ | 600.80 million BoP, current US$ | 1.10 billion BoP, current US$ | 4 |
| 1980s | 1.56 billion BoP, current US$ | 1.15 billion BoP, current US$ | 2.20 billion BoP, current US$ | 10 |
| 1990s | 2.69 billion BoP, current US$ | 2.04 billion BoP, current US$ | 3.62 billion BoP, current US$ | 10 |
| 2000s | 7.99 billion BoP, current US$ | 3.50 billion BoP, current US$ | 14.88 billion BoP, current US$ | 10 |
| 2010s | 9.70 billion BoP, current US$ | 8.48 billion BoP, current US$ | 11.98 billion BoP, current US$ | 10 |
| 2020s | 13.64 billion BoP, current US$ | 7.68 billion BoP, current US$ | 17.44 billion BoP, current US$ | 6 |
Countries ranked near Iceland
- 104 Iran, Islamic Republic of 18.11 billion BoP, current US$ compare
- 105 Armenia 17.92 billion BoP, current US$ compare
- 106 Uganda 17.46 billion BoP, current US$ compare
- 108 Senegal 16.77 billion BoP, current US$ compare
- 109 Kyrgyzstan 15.46 billion BoP, current US$ compare
- 110 North Macedonia 15.25 billion BoP, current US$ compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is imports of goods, services and primary income in Iceland?
- Imports of goods, services and primary income in Iceland was 17.44 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods, services and primary income recorded in Iceland?
- The highest recorded value was 17.44 billion BoP, current US$ in 2025.
- What is the lowest imports of goods, services and primary income recorded in Iceland?
- The lowest recorded value was 600.80 million BoP, current US$ in 1976.
- How does Iceland rank for imports of goods, services and primary income?
- Iceland ranks 107th out of 200 countries with data for 2025.
- Is imports of goods, services and primary income rising or falling in Iceland?
- Over the last ten years it is up 100.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Imports of goods, services and primary income (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.